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State Stacks Deck for Renewals Rather Than Buys

AUSTIN-History doesn't appear poised to repeat itself when it comes to the state opting to buy instead of lease. In fact, it's actually positioning itself for renewals although bids are out on nearly 150,000 sf needed for agency quarters.

By Tim Green | Updated on December 05, 2001

AUSTIN-In the early 1990s, Texas state government gobbled up three newly built Austin office buildings in which to house various agencies. That’s not likely to happen now, at least in the short term.

For one thing, the Legislature hasn’t authorized such purchases. And, although the state has issued bids for nearly 150,000 sf of space in the past month, it holds little of hope of eating up the growing amount of open Austin office space through leasing. It might, however, rearrange some of its space.

“At this time our agency is expecting to coordinate the renewal of numerous existing leases during the next two-year period in Austin,” says Randall Riley, executive director of the Texas Building and Procurement Commission, formerly known as the General Services Commission. “We do not anticipate any significant increase in actual space used.”

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